Merrill Adds Another (Expensive) PieceJan 29, 2007,By John Churchill On Monday, Merrill Lynch announced plans to acquire First Republic Bank, a San Francisco-based private banking and wealth-management firm with $16.4 billion in assets under management, for $1.8 billion. The transaction should be completed in the third quarter of 2007, pending regulatory and shareholder approvals.... Hedge Funds Losing Their Appeal?Jan 29, 2007,By Halah Touryalai The star power of hedge funds seems to have waned in 2006, at least among the wealthiest set. The percentage of ultra-wealthy households (those with a net worth of over $25 million, excluding primary residence) owning hedge funds plunged by almost a third last year, to 27 percent, down from 38 percent the previous year... SEC Finally Approves Overhaul of Arbitration Code: Some Lawyers Are UnderwhelmedJan 25, 2007,By Karen Donovan The Securities and Exchange Commission on Jan. 24 approved a new code of procedures that govern arbitrations at the NASD Dispute Resolution. The changes were a long time coming: Some of them have been sitting at the SEC since 2003. ... Another Good Year for the Brokerage IndustryJan 24, 2007,By John Churchill We’ve already heard about what a great year 2006 was for Wall Street, with securities industry firms ringing in some of the best revenues and profits in years. But fourth-quarter earnings reports are just now rolling in, and they’re even better than expected.... The Citi Gossip: What Is the Real Reason for Thomson’s Departure?Jan 23, 2007
Why did Citi's wealth management chief Todd Thomson abruptly decamp the firm “to pursue other interests” when he was often thought of as heir apparent to Citigroup’s Chuck Prince? ... NYSE/NASD Regulators to Merge; Will Dissenters Challenge?Jan 22, 2007,By John Churchill The securities industry won’t have dual self-regulatory organizations to complain about anymore. The NASD announced over the weekend that member firms “overwhelmingly approved” to consolidate the NASD and the NYSE into one.... Krawcheck Back, Thompson Bows Out at CitigroupJan 22, 2007,By John Churchill Citigroup announced two key management changes today: Sallie Krawcheck, Citigroup’s CFO, returns to her role as CEO of global wealth management, and Todd Thomson, who currently holds the position, is leaving the company.... Survey Says: Domestic Hedge Fund Investors to Send Money OverseasJan 17, 2007,By Kevin Burke Flows to U.S. hedge funds are expected to slow this year as investors seek out greener pastures overseas, particularly emerging markets. According to the Deutsche Bank AG’s 2006 Alternative Investment Survey, domestic hedge funds are poised for outflows of 8 percent this year, while managers focused on China could see inflows gush—perhaps as high as a 39 percent jump in net new money, the survey estimates. Managers of other emerging markets funds that specialize in Singapore, Hong Kong and Latin America could see inflows of at least 13 percent in 2007, Deutsche Bank estimates.... Schwab Pays Up to Move RepsJan 15, 2007,By John Churchill Schwab Institutional, the independent investment advisor arm of Charles Schwab, announced that it plans to offer start-up loans to registered reps who leave their firm to affiliate with Schwab’s independent network.... Ryan Beck’s Discount Price?Jan 11, 2007,By Halah Touryalai Ryan Beck’s sale to Midwest regional Stifel Financial is causing mixed reactions from industry observers and analysts alike.... "Cheating" the Tax ManJan 10, 2007,By Kristen French The holiday gifting season has come to an end. But it’s never too late, or too early, to talk about charitable-giving strategies. Particularly, longer-term strategies involving vehicles like charitable remainder trusts and their close cousins NIMCRUTs (net income makeup charitable remainder trusts), which can help clients achieve a number of financial objectives simultaneously: leaving a legacy, maximizing retirement income and reducing income and estate taxes.... Desperately Seeking Advisors for Rep.’s 27th Annual Outstanding Advisor AwardsJan 9, 2007,By David A. Geracioti We, the editors of Registered Rep. magazine, are officially opening our annual hunt for the best in the business. That’s right, we’re asking for nominations for the 2007 Outstanding Advisor Awards (formerly Outstanding Broker Awards). Now in its 27th year, the OAAs are awarded to 10 veteran financial advisors who exemplify the highest standards of professionalism. Entrants are judged on productivity (must be among the top 25 percent of their firm in gross production to be considered), but winners possess other qualities. We’re looking for FAs who are civic-minded (community charitable work is one example), and FAs who are known to be mentors at their firms or advisory practices.... Former Morgan Stanley Exec Sues for Age DiscriminationJan 4, 2007,By Halah Touryalai Morgan Stanley is facing a discrimination lawsuit by a former managing director who claims he was fired because of his age.... Getting Big Tickets on 529 PlansJan 2, 2007,By Kevin Burke Financial advisors have long complained that 529 college savings plans aren’t profitable products for them to fuss with: The average account size is too small, the account opening process is too time consuming and, until recently, there was no guarantee that they’d even be around in four years. But advisors may want to revisit the 529 plan: The passage of key legislation in Congress and the softening of proposed rules on suitability and disclosure have eased some of those concerns at both the advisor and firm level. Advisors may now find them more attractive.... Ryan BeckDec 28, 2006,By Halah Touryalai Ryan Beck & Co. of Florham Park, N.J., may be acquired by St. Louis-based regional brokerage Stifel Nicolaus.... Retirement: Too Sudden, Too EarlyDec 22, 2006,By Halah Touryalai The possibility of an early retirement is a dream for any client. Indeed, the words “early retirement” conjure pretty images from magazine advertisements (golfing, traveling, grandkids). But what happens when early retirement occurs without a choice? When your client who owns a successful small business is 55 years old and suffers a stroke, what kind of financial changes are in store for his family? Will the business have to be sold? Or how about when your client, an executive of a mid-sized company, goes to work on a Monday morning to find a pink slip waiting for him after some downsizing? ... Spitzer Wants More Settlement Dollars for New York UBS RepsDec 22, 2006,By Halah Touryalai New York Attorney General and Governor-elect Eliot Spitzer, is asking a Northern California court to disapprove the settlement terms of an overtime suit against UBS.... In a Competitive Recruiting Climate, Merrill Sweetens FA BenefitsDec 21, 2006,By Kevin Burke Merrill Lynch has launched a new benefit program for its army of 15,700 brokers that will provide financial assistance to their families in the event of their death. The added death benefits include a lump-sum payment based on a flat 36 percent of the broker’s trailing 12-months production. The program, effective Jan. 1, 2007, is in addition to the standard accidental-death insurance package that links benefits to an employee’s salary.... Private Equity for the Little(r) GuyDec 20, 2006,By John Churchill Getting your clients a piece of global M&A action—2006 has seen a near-record $3.6 trillion in deal activity—doesn’t have to involve ponying up massive minimums (and fees) for shares of a private equity fund or fund of funds. There are a handful of merger-arbitrage mutual funds out there that may fit the bill.... Jumpstart Growth in the New Year: Quit EmailingDec 13, 2006,By Kristen French With 2006 drawing to a close, it’s time to look under the hood of your practice to analyze what you are doing right and what you are doing wrong. The goal is to figure out how to run your firm more efficiently and profitably. And, sometimes, the best remedies are the simplest and most common sense.... Spitzer: Thousands of UBS Clients Raped by WrapsDec 12, 2006,By John Churchill The New York Attorney General’s Office announced today that it is suing UBS Financial Services for allegedly defrauding thousands of customers through its InsightOne fee-based brokerage program.... Smith Barney Pay Package: Perks Balance Cuts?Dec 12, 2006,By Halah Touryalai This week, Smith Barney will become the first firm to make a change to its payout grid as a result of the securities industry’s recent battle over broker overtime pay and so-called chargebacks (when the firm charges the reps for things like trading errors and sales assistant salaries). Smith Barney is one of many Wall Street firms to have settled lawsuits over pay practices, paying $98 million on a nationwide basis in May.... FIA Calls for Schapiro to ResignDec 6, 2006,By Kevin Burke Two groups of small broker/dealer firms are calling for Mary Schapiro to step down.... Beyond Private AnnuitiesDec 5, 2006,By John Churchill The private annuity was just stripped of it's most alluring benefit—capital-gains tax deferral. Long favored by the wealthy because it allowed them to avoid huge capital-gains taxes on appreciated real estate (or any other appreciated asset, for that matter), the private annuity will no longer enjoy the tax-deferral benefit, the IRS recently announced. Private annuities can still be used for other purposes, but beware: The IRS is watching, and may decide to audit. ... FIA Urges NASD Committees to Revise MergerDec 4, 2006,By Kevin Burke Small broker/dealer firms are trying to slow the proposed merger between the NASD and NYSE Regulation, saying that it’s being pursued too hastily and the consequences are not clear. In a letter to NASD committee members, the Financial Industry Association (FIA), which represents small firms, urged them to sign a petition to slow the merger process. The petition also requests that the NASD provide member firms with more detailed information about the proposed merger and more time to consider its merits....
Previous |
1
| 2
| 3
| 4
| 5
| 6
| 7
| 8
| 9
| 10
| 11
| 12
| 13
| 14
| 15
| 16
| 17
| 18
| 19
| 20
| 21
| 22
| 23
| 24
| 25
| 26
| 27
| 28
| 29
| 30
| 31
| 32
| 33
| 34
| 35
| 36
| 37
| 38
| 39
| 40
| 41
| 42
| 43
| 44
| 45
| 46
| 47
| 48
| 49
| 50
| 51
| 52
| 53
| 54
| 55
| 56
| 57
| 58
| 59
| 60
| 61
| 62
| 63
| 64
| 65
| Next
|
Current Issue
Von Aldoadvertisement Most Popular Storiesadvertisement Featured Book
|
||
| Back to Top |
